Seeing robust demand for musculoskeletal care options, Bardavon Well being is seeking to develop past employees’ compensation with an inflow of latest funding.
The Overland Park, Kansas-based firm just lately closed a $90 million collection C spherical led by funding agency Matrix Capital Administration, with assist from from development fairness agency WestCap.
Because it was based in 2014, Bardavon has been targeted on employees’ compensation. The corporate has a community of bodily therapists throughout all 50 states. It additionally has a expertise platform, referred to as bNotes, that guides therapists by documentation for employees’ compensation and finest practices, and makes use of analytics to foretell outlier instances.
To date, Bardavon has discovered eager curiosity in its employees’ compensation enterprise. The corporate has seen its income develop 70% within the final 12 months.
Now, it plans to make use of the brand new funds to develop its capabilities and take this mannequin to different kinds of payers.
“This infusion of capital permits us to take the subsequent step to deliver significant change to an more and more burdened healthcare system,” Bardavon Founder and CEO Matthew Condon stated in a information launch. “It’s time to develop and share our collaborative resolution past employees’ compensation — particularly as our inhabitants ages, weight problems will increase, and nationwide spending on MSK-related accidents skyrockets.”
A possible nod to that course: Zane Burke, who served as CEO of Livongo till it offered to Teladoc final 12 months, joined the corporate’s board of administrators.
Within the meantime, different digital well being startups proceed to construct out capabilities for connecting sufferers to bodily remedy, usually by telehealth visits or self-guided workouts.
DarioHealth, which began as a platform for diabetes administration, just lately launched a digital bodily remedy platform. And final 12 months, Livongo rival Omada Well being purchased digital bodily remedy startup Physera.
Photograph credit score: feellife, Getty Photos